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November Job Growth Stalls, Unemployment Rate Hits 4.6%

12/18/2025

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Story summary
  • The November unemployment rate rose to 4.6%, the highest since September 2021, according to a delayed jobs report.
  • Employers added 64,000 jobs in November after October's 105,000-job loss.
  • The unemployment rate for Black Americans rose to 8.3%.
  • Justin Wolfers noted "virtually no employment growth since April."
  • The next economic indicator, an inflation reading, is expected soon.